Commercenter West Plaza
Commercial Multi-Unit - Turn Key - Stablized Income
Marketing description
Escondido Enterprises is pleased to offer for sale Commercenter West Plaza, a premier multi-unit business park strategically located at the high-traffic I-10 and I-215 freeway interchange. Currently operating at a strong 90% occupancy rate, the property is a turn-key asset featuring a modern 100-series building constructed in 2008. It offers significant embedded growth potential within a critical regional logistics hub. Capital improvements have enhanced the property, including new low water landscaping, parking lot resurfacing, sub-panel upgrades, and exterior CASp report in hand. Operational efficiency is maximized by an active HVAC maintenance program where tenants fully reimburse the landlord for inspections and repairs. For underwriting accuracy, please note that current lease/rent roll square footage sizes are approximately 208 square feet less than official assessor records.
Investment highlights
Stabilized Occupancy: Stabilized asset currently operating at a strong 90% occupancy rate
Two Anchor Tenants: Employment Agency and a DOT and Employment Drug Testing Lab
High Visibility: Street frontage suites make up 30% of the total property space
Seamless Logistics: Features full drive-around access and two street driveways for optimal traffic flow
Enhanced Curb Appeal: Parking lot newly upgraded with a fresh seal coat and stripe
Rear Loader Layouts: 300 & 400 series have 12’x12’ slide up warehouse doors
Flexible Layouts & Tenants: Offers 100% warehouse or office build-outs to suit both service and distribution tenants
Utility-Ready: Gas hookups are fully available on-site
Upgraded Power: 120/208V, 100A-400A, 3-Phase power (Buyer to verify) with 12 new sub-panels newly installed
Prime Location: Situated at the strategic I-10 and I-215 freeway interchange with 170,000+ daily vehicles
Turn-Key Upgrades: 5-year fire cert., improved house lighting
HVAC Program: HVAC program requires all tenants to reimburse Lessor for inspections, maintenance, and repairs per AIR lease
Enforced AIR Lease Section 7.1 (d): 1/144th monthly payment for all HVAC units, curbs and roofing cost associated with new HVAC installations
Minimal Landscaping: Drought tolerant landscaping
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